• Cost accounting. This includes standard costing, opportunity cost analysis, marginal costing, differential costing and other cost techniques that play an important role in operation and control of the business undertaking.
• Budgetary control. This is the framing of budgets, comparison of actual performance with the budgeted performance, computation of variances etc.
• Revaluation accounting. This involves ensuring that capital is maintained intact in real terms and profit is calculated with this fact in minds.
• Inventory control. This involves the control over inventory from the time it is acquired till the final disposal.
• Financial accounting. Management accounting involves rearrangement of the information by financial accounting.
• Internal audit. This involves the development of a suitable internal audit system for internal control
• Taxation. This includes computation of income in accordance with the tax laws, filing of returns and making tax payments.
skilled writter answered the question on April 24, 2018 at 18:40
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